Accelerating developments in information and communication technologies have enabled almost seamless access to vast amounts of varied information via networks and network of networks such as the Internet. Such developments also pose challenges to libraries to focus on developing more effective ways to meet the information needs of users. Recently, following the expansion of electronic publishing, libraries have shown renewed interest in cooperation with particular reference to obtaining licenses and sharing electronic resources. This paper discusses the implementation of a consortium of the Indian Statistical Institute libraries. Problems faced by the libraries in handling e-journals is also discussed.